XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans $ 283,165 $ 281,977 $ 829,990 $ 821,595
Investment securities        
Taxable 26,326 31,006 80,203 96,822
Tax-exempt 7,743 7,704 23,019 23,276
Deposits – other banks 6,242 12,096 21,813 35,188
Federal funds sold 56 62 164 182
Total interest income 323,532 332,845 955,189 977,063
Interest expense:        
Interest on deposits 87,962 97,785 263,237 286,074
Federal funds purchased 0 1 0 1
FHLB and other borrowed funds 5,378 14,383 16,819 42,914
Securities sold under agreements to repurchase 1,019 1,335 3,105 4,102
Subordinated debentures 3,007 4,121 11,254 12,340
Total interest expense 97,366 117,625 294,415 345,431
Net interest income 226,166 215,220 660,774 631,632
Provision for credit losses on loans 6,700 18,200 9,700 31,700
(Recovery of) provision for credit losses on unfunded commitments (1,000) 1,000 (1,000) 0
Recovery of credit losses on investment securities (2,194) (330) (2,194) (330)
Total credit loss expense 3,506 18,870 6,506 31,370
Net interest income after credit loss expense 222,660 196,350 654,268 600,262
Non-interest income:        
Trust fees 4,600 4,403 14,594 14,191
Mortgage lending income 4,691 4,437 13,070 12,271
Insurance commissions 574 595 1,698 1,668
Increase in cash value of life insurance 1,404 1,161 4,661 3,635
Dividends from FHLB, FRB, FNBB & other 2,658 2,637 8,033 8,642
Gain on sale of SBA loans 46 145 334 399
(Loss) gain on sale of branches, equipment and other assets, net (66) 32 743 2,076
(Loss) gain on OREO, net (1) 85 (364) 151
Fair value adjustment for marketable securities 1,020 1,392 1,224 2,121
Other income 13,963 7,514 38,867 21,552
Total non-interest income 51,505 42,779 148,010 127,352
Non-interest expense:        
Salaries and employee benefits 63,804 58,861 189,977 180,198
Occupancy and equipment 14,828 14,546 43,276 43,505
Data processing expense 8,871 9,088 25,793 27,170
Other operating expenses 27,335 27,550 84,760 83,853
Total non-interest expense 114,838 110,045 343,806 334,726
Income before income taxes 159,327 129,084 458,472 392,888
Income tax expense 35,723 29,046 101,256 91,211
Net income $ 123,604 $ 100,038 $ 357,216 $ 301,677
Basic earnings per share (in dollars per share) $ 0.63 $ 0.50 $ 1.81 $ 1.51
Diluted earnings per share (in dollars per share) $ 0.63 $ 0.50 $ 1.80 $ 1.51
Service charges on deposit accounts        
Non-interest income:        
Service charges $ 10,486 $ 9,888 $ 29,688 $ 29,288
Other service charges and fees        
Non-interest income:        
Service charges $ 12,130 $ 10,490 $ 35,462 $ 31,358